Were They Tough Enough?

US airlines say they made exactly the right moves in the first half of last year to prepare for the global financial downturn--even though they had no idea it was coming. The industry scrambled to counter ballooning fuel costs amid predictions that per-barrel crude oil prices, already at $150, would hit $200 or

US airlines say they made exactly the right moves in the first half of last year to prepare for the global financial downturn--even though they had no idea it was coming. The industry scrambled to counter ballooning fuel costs amid predictions that per-barrel crude oil prices, already at $150, would hit $200 or
higher. Oil prices instead plummeted to as low as $40 per barrel earlier this year (although they since have climbed back to the $50 range), but the measures the carriers took--large ...

Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More

The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More